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DewDiligence

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DewDiligence

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Re: DewDiligence post# 7286

Tuesday, 07/30/2013 2:14:56 PM

Tuesday, July 30, 2013 2:14:56 PM

Post# of 30493
HES sells electricity-marketing business to Centrica for $1B in cash:

http://finance.yahoo.com/news/hess-announces-sale-energy-marketing-110000013.html

This is a business that I would bet few investors realized HES was involved in. Still on tap are the planned divestitures of: i) HES’ US retail service stations and convenience stores; and ii) E&P assets in Indonesia and Thailand.

p.s. HES reports 2Q13 results tomorrow.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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